Lopez posted a statement on Twitter.
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It was reported back in April that power couple was looking into purchasing the team.
The pair were reportedly working with J.P. Morgan to raise the funds needed.
A-Rod and J-Lo's net worth is reportedly around $700 million.
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Back in December, the Wilpon family had a deal to sell the Mets to hedge fund titan Steve Cohen for $2.6 billion, but the deal fell apart.
Cohen is once again the leading contender to buy the Mets, and could reach a deal within days.
It is expected the deal, if finalized, would give him immediate control of the team.